WORLD
US, UK announce deal on pharmaceutical tariffs, drug pricing
The Times newspaper first reported the UK is preparing to announce the deal. The Department for Business and Trade didn’t respond to a request for comment.
CRYPTOCURRENCY
Bitcoin plunges to below $85,000 in risk-off start to December
After the latest bout of selling on Monday, traders are bracing for bigger moves lower.
BUSINESS
Airbus finds quality issues on A320 panels that need inspection
Airbus said the source of the issue has been identified and contained, and that newly produced panels conform to all requirements.
BUSINESS
Temasek-backed Atomberg is said to plan $200 million India IPO
The IPO is likely to comprise a mix of new share issuance and secondary sales by existing investors, and could come as early as next year
INDIA
Guyanese oil on 18,000-km long voyage to India to replace Russian barrels
The Very Large Crude Carriers Cobalt Nova and Olympic Lion left the South American nation in the last days of November
BUSINESS
China’s private home-sale data vanishes after Vanke turmoil
The delayed data disclosure comes after Vanke — long considered one of the sector’s healthier firms — sought to postpone repayment on a local bond for the first time last week
BUSINESS
Traders in India pin hopes on RBI bond purchases to drive gains
The Reserve Bank of India may acquire about Rs 2 lakh crore ($22.4 billion) of bonds next quarter, according to Bandhan AMC Ltd
WORLD
Severe storms kill nearly 1,000 in Southeast Asia, Sri Lanka
Three tropical cyclones, coinciding with the northeast monsoon which typically brings heavy downpours to Southeast Asia this time of year, have caused widespread destruction in the region
BUSINESS
Silver hits fresh record after trading outage, supply tightness
The precious metal rose as much as 1.4% to $57.29 in the spot market, surpassing a peak struck on Friday
WORLD
US says Ukraine talks productive as Witkoff heads to Russia
The meeting, which took place in Florida with US special envoy Steve Witkoff and Jared Kushner also in attendance, was likely the last chance for Ukraine’s negotiators to sway Witkoff before he leads a US delegation for talks in Russia this week.
BUSINESS
Bitcoin plunges to below $88,000 in risk-off start to December
The crypto market is on shaky ground after a weeks-long selloff that began when some $19 billion in levered bets were wiped out in early October, just days after Bitcoin set an all-time high of $126,251.
BUSINESS
Asian stocks fluctuate, oil rises on OPEC+ move
A gauge of Asian equities fluctuated in early trading after capping its best weekly advance in about two months.
BUSINESS
Trump says he has made his choice to lead the Federal Reserve
“I know who I am going to pick, yeah,” Trump told reporters on Air Force One on his way back to Washington, without naming his choice. “We’ll be announcing it.”
INDIA
India said to pitch new arms deal with Russia during Putin visit
India has over 200 Russian fighter jets and several batteries of the S-400 defence shield, which were used during the four day conflict with Pakistan in May.
BUSINESS
Black Friday sales rise, signaling US consumers’ resilience
Retail sales, excluding autos, increased 4.1% on the day after Thanksgiving, according to data from Mastercard SpendingPulse. That surpasses last year’s 3.4% growth.
WORLD
US Congress orders probe of Hegseth boat order: Report
The Post reported earlier that Hegseth had given a spoken order that all people aboard the boat be killed, citing people who had spoke on the condition of anonymity.
BUSINESS
China factory activity slumps for longest stretch on record
The official manufacturing purchasing managers’ index was 49.2, remaining below the 50 mark that separates growth and contraction for an eighth month.
BUSINESS
Wall Street predicts rebound in Indian markets after tough year
Morgan Stanley, Citigroup Inc. and Goldman Sachs Group Inc. are among those who expect the country’s markets to claw back lost ground next year as earnings stabilize and policy support kicks in.
WORLD
Ukraine claims hit on Russian ‘shadow fleet’ Black Sea tankers
Ukraine’s SBU used naval drones to strike two sanctioned Russian oil tankers, Kairos and Virat, off Turkey’s Black Sea coast, aiming to disrupt Moscow’s oil exports amid heightened maritime risks.
WORLD
Two oil tankers suffer mystery blasts while in Black Sea
The first tanker, the 900-foot Kairos, was taking on water after an explosion, according to a local port agent report.
BUSINESS
SoftBank-backed Meesho set to seek up to $605 million via IPO
Meesho, founded in 2015 by Vidit Aatrey and Sanjeev Kumar, got a real growth burst during the Covid pandemic when millions of Indians began to shop online.
BUSINESS
Worldwide markets roiled by data-center snafu in Chicago suburb
Even after trading was largely restored on Friday, disruptions extended well into the US session, with CME Direct, a trading platform provided by the exchange, offline for most of the day
BUSINESS
CME futures outage disrupts trading across global markets
The malfunction is already longer than a similar, hours-long outage due to a technical error back in 2019 and underscores the reach of CME Group and its Globex electronic trading platform.
WORLD
Hong Kong warned tower contractor of fire risk days before blaze
The Hong Kong Labour Department said it had inspected Wang Fuk Court 16 times since renovation work started in July last year.
